Question

Which of the following statements are incorrect regarding the 'Economic review' of Kerala ?

1. The Kerala State Planning Board was assigned the task of preparing annual Economic Review
2. The first Economic Review was published in 1969.
3. The process of preparation of the Economic Review starts in October every year with all Departments contributing data on various parameters.
4. The Directorate of Economics and Statistics provides the data on Gross State Domestic Product and Gross State Value Added.

• A. ii only
• B. i only
• C. None of these
• D. All

Answer 1

Answer:

A. ii only

The 'Economic review' of Kerala

• The Kerala State Planning Board was assigned the task of preparing annual Economic Review to be presented along with the Budget Document to the State legislature at the time of its inception.
• The Economic review is considered as a valuable reference text as it gives an overall view of the State economy, macro-economic performance, development initiatives taken by various Departments in that particular year, and progress in the Plan implementation.
• The first Economic Review was published in 1959 prior to the constitution of State Planning Board.
• The Bureau of Economic Studies prepared the first report.
• After the constitution of the Board, the Economic Review is being prepared and published by the Board.
  
  
• Every year, the Economic Review is placed before the Legislative Assembly on the day prior to the presentation of the Budget.
• The process of preparation of the Economic Review starts in October every year with all Departments contributing data on various parameters.
• The Directorate of Economics and Statistics provides the data on Gross State Domestic Product and Gross State Value Added.
• The Kerala State Planning  Board compiles all data, analyses it, and prepares the Review.